ALC Orders 8 More Boeing 737 MAX 8 Aircraft

Air Lease Corporation has finalized an order for
eight more Boeing 737 MAX 8 airplanes, valued at $936.8 million at
list prices.

This new order raises ALC's total 737 MAX orders to 138.

"These aircraft perfectly fit ALC's and our
airline lessees' growing need for additional 737 MAX 8 aircraft.
Our success in MAX placements to date speaks to the strong market
demand for these aircraft," said John Poerschke, Executive Vice
President of Air Lease Corporation.

Boeing has delivered more than 100 737 MAX
airplanes to over 20 customers worldwide, including four to ALC,
with the fifth delivery scheduled for May 2018.

"The ALC team has a great track record of
forecasting what airlines want in terms of new airplanes. Their
growing commitment to the 737 MAX reflects the strong market
demand for this airplane around the world," said Ihssane Mounir,
senior vice president, Global Sales & Marketing, The Boeing
Company. "We're pleased that ALC is having success with the 737
MAX's capabilities and efficiencies which are critical traits
lessors need in their portfolios."

The 737 MAX family of aircraft are powered by
the latest CFM International LEAP-1B engines.